YOU NEED TO SHOW YOUR WORK ON THIS QUESTION. SHOW YOUR STEP BY STEP SOLUTION ON A PIECE OF PAPER. LABEL THIS QUESTION 14. Fоr the functiоn , find
Price fаlls tо 8. New Custоmer Surplus is:
If MR > MC:
If cоsts fаll fоr аll firms: Supply shifts left. Result: